Companies are unveiling plans to repurchase their own shares at a record pace, lending support to the battered stock market. Firms in the S&P 500 have outlined buyback plans valued at $238 billion through the first two months of 2022, according to data from Goldman Sachs Group Inc. GS 1.29% a high for this point […]
Chick-fil-A is causing some squawking in Santa Barbara, California, where the fast-food chain is finding itself to be a victim of its own success. Namely, the city is close to dubbing it a “public nuisance” due to long drive-thru lines that often has cars filled with hungry customers backed into the street for hours at […]
Text size AMC Empire 25 Theater in Times Square, New York Dreamstime AMC Entertainment just struck gold. Literally. The movie theater company announced it has bought a 22% stake in Hycroft Mining Holding and its 71,000-acre gold and silver mine in northern Nevada. CMA (ticker: AMC) will invest $27.9 million in cash in Hycroft ( […]
Union workers at City Brewing Company in Latrobe began what they’re calling an unfair labor practice strike on Tuesday morning.Watch the report from Latrobe: Click the video player above.The unions have filed a case with the National Labor Relations Board, alleging the company is refusing to provide information. Union representatives were unable to comment Tuesday […]
US and global benchmark crude oil officially entered a bear market on Tuesday, just five trading days after they settled at their highest prices since 2008. “The collapse has been spectacular,” Fawad Razaqzada, market analyst at ThinkMarkets, in a market update. On Tuesday, the front-month April West Texas Intermediate crude futures contract CL.1, -7.18% CLJ22, […]
Brent, WTI fall more than $6/bbl Russia backs resumption of Iran nuclear deal Ukraine-Russia ceasefire talks ongoing China reports a steep jump in COVID-19 cases NEW YORK, March 15 (Reuters) – Oil prices tumbled more than 6% to their lowest in almost three weeks on Tuesday as supply disruption fears eased and surging COVID-19 cases […]
WASHINGTON—Regulators are carrying out a sweeping investigation of conflicts of interest at the nation’s largest accounting firms, asking whether consulting and other nonaudit services they sell undermine their ability to conduct independent reviews of public companies’ financials, according to people familiar with the matter. The Securities and Exchange Commission probe highlights the agency’s new focus […]
US and global benchmark crude oil entered bear market territory on Tuesday, just five trading days after they settled at their highest prices since 2008. “The collapse has been spectacular,” Fawad Razaqzada, market analyst at ThinkMarkets, in a market update. In Tuesday dealings, the front-month April West Texas Intermediate crude futures contract CL.1, -5.81% CLJ22, […]
An American Airlines Boeing 787-9 Dreamliner approaches for a landing at the Miami International Airport on December 10, 2021 in Miami, Florida. Joe Raedle | Getty Images Check out the companies making headlines in midday trading. AMC Entertainment, Hycroft Mining — The movie theater chain saw its shares dip by less than 1% after announcing […]
In a separate move aimed at answering longer term questions about booster strategies, the FDA plans to convene its outside advisers in early April to consider whether there should be an October or November campaign to encourage some or all adults to get additional boosters and whether the shots should be the same as the […]
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